What Is Netvrk (NTVRK)?
Netvrk is a platform developed on blockchain technology to assist users in developing virtual worlds that are visually attractive. The platform's mission is to create a blockchain-based virtual reality ecosystem for users that can be used for professional and personal purposes. In order to achieve this mission, Netvrk aims to provide its users with tools and infrastructure that allow them to monetize their VR (virtual reality) environment while maintaining a secure economy. These tools and infrastructure further allow the platform to overcome the challenges that exist for virtual reality in present times, which include:
Hence, the currency envisions to become the next evolution of the internet in an ever-expanding virtual metaverse. A metaverse is an immense virtual world consisting of both social and financial potential, where the use of blockchain facilitates the exchange of virtual items against real economic value.
Further, to ensure the smooth operation of the network and assist users in carrying out transactions on the platform, Netvrk launched its cryptocurrency NTVRK. NTVRK is the native token of the asset, represented as an ERC20 utility token that grants access to the platform. Besides this, the digital coin serves many other functions:
Allows users to buy assets in the virtual reality world.
Helps users to purchase land or real estate in the VR world.
Provides the opportunity to purchase advertisement space on the platform.
Assists users in creating their own NFTs.
Provides provision of staking to generate passive income.
Besides this, the token also allows users to save money on transaction fees on the platform. The platform offers a rebated fee rate for NTVRK tokens over other cryptocurrencies for carrying out transactions on the platform.
Who Founded Netvrk (NTVRK)?
The Netvrk platform was founded by Michael Katseli, founder and CEO, and Linus Che,e cofounder and COO of the platform. The network started its journey in 2016 with Netvrk prototyping.
How Many Netvrk (NTVRK) Tokens Are There?
The currency has a total supply of 100,000,000 NTVRK.
